Gauge Plugins & How They Are Useful

Toupee Tech uses plugins to extend gauge support to any yield-bearing asset.

Solidly

The Solidly platform is a DeFi ecosystem that facilitates interactions between three main asset types: LP tokens, SOLID tokens, and veSOLID tokens. Its unique tokenomics model is designed to distribute rewards effectively while governing the protocol.LP tokens represent shares in liquidity pools within the Solidly AMM and earn swap fees from users trading between asset pairs on the platform. Each LP token corresponds to a specific asset pair and accumulates value based on the trading volume and liquidity provision of the respective pool.SOLID tokens are distributed as incentives to liquidity providers (farmers) who deposit LP tokens in the Solidly system. The emission rate and distribution of SOLID tokens are governed by the voting power of veSOLID token holders, directing SOLID emissions towards their preferred gauges.veSOLID tokens are acquired by users who lock their SOLID tokens for a predetermined period, converting them into vote-escrowed SOLID (veSOLID) tokens. These tokens grant holders voting rights, allowing them to participate in the governance of the Solidly ecosystem by voting on various gauges containing different LP tokens.At the core of the Solidly model are gauges—smart contracts that control the distribution of SOLID token rewards to farmers based on the voting power of veSOLID token holders. This mechanism ensures that swap fees generated within the Solidly AMM system are redirected towards veSOLID holders who actively participate in governance rather than being distributed directly to liquidity providers.By depositing LP tokens in the Solidly system, farmers effectively exchange the yield generated from swap fees for SOLID token emissions. This exchange of yield sources incentivizes user participation and ensures a fair distribution of rewards across the ecosystem. Toupée Tech

However, the original Solidly model is limited to specific assets and liquidity pairs. To accommodate a wider range of assets and enhance the platform's utility and flexibility, the generalized Toupee Tech model has been developed.

Toupee Tech expands its potential applications and attracts a diverse range of users, projects, and assets, resulting in a more inclusive and versatile DeFi ecosystem. In Toupee Tech, gauges are not limited to a single AMM's liquidity pairs. The system enables the creation of plugins for any yield-bearing asset, significantly broadening its potential applications and attracting a diverse range of users, projects, and assets. Farmers deposit plugins in gauges, and the yield from plugins goes to vWIG voters who voted for that gauge, while plugin farmers earn oWIG.